News
Cooper Gay swoops for Marsh marine boss Gibbs
Cooper Gay has recruited Marsh’s managing director of global marine Charles Gibbs to head up its own aquatic operations.
Bluefin unveils group personal accident and travel insurance cover
Axa-owned broker Bluefin has unveiled a new personal accident and travel policy for small and medium sized businesses.
RSA promotes Price to exec committee
RSA has handed group chief information officer Darren Price a seat on its group executive committee, pending regulatory approval.
Water Bill handed Royal Assent
The Water Bill has completed the final stage in passing into law, bringing with it the official introduction of the Flood Re scheme.
Charles Taylor expands UK regional footprint with Knowles Loss Adjusters buy
Charles Taylor Adjusting has completed a deal to acquire property and casualty claims specialist Knowles Loss Adjusters.
Zurich UK GI profit falls 37% on flood losses
Zurich has seen its UK business operating profit fall by more than a third off the back of flooding over the first three months of the year.
Tulloch rules out ‘major’ UK cost reductions as Aviva GI book shrinks
Aviva UK general insurance chief executive Maurice Tulloch has said the firm has no plans for ‘major’ reductions in cost to counteract an 8% fall in net written premium recorded for Q1.
Aviva UK GI premiums shrink 8% as COR worsens
Aviva has seen its UK general insurance book shrink 8% in Q1 on a year on year basis, while underwriting performance has also worsened.
Giles parent records £72.5m Gallagher takeover charge
Giles parent Expectrum has taken a £72.5m charge on its sale to Arthur J Gallagher last year, according to recent accounts.
Zurich sees Q1 global premiums inch upwards
Zurich's gross written premiums and profits showed marginal progress for Q1 2014.
Hong Kong issues Vietnam travel warning
Following riots targeted at Chinese businesses, the Hong Kong government has raised a red warning (raised from amber) for travel to Vietnam.
Over $60m of damage from rain in Guangdong
Heavy rain over the last week in the Chinese province of Guangdong has seen 15 000 claims so far.
BIBA Fever episode 3: Mad for it in Manchester
The wait is finally over and the British Insurance Brokers’ Association conference in Manchester opened today for business.
Duggan seeking internal candidate to take over his Broker Network role
Broker Network has prioritised recruiting an internal candidate as Gary Duggan’s successor as chief executive and will begin its search next week.
Invicta acquiring A&A commercial and property owner portfolio
Kent-based Invicta Insurance Services is to buy a portfolio of select commercial and property owner policies from The A&A Group.
Cunningham Lindsey launches global TPA service
Cunningham Lindsey has unveiled a new third party administration service following the launch of a programme to expand its UK TPA offering.
Biba 2014: Markerstudy introduces ‘Fred’ windscreen device
Markerstudy has pulled back the wraps on a new device to provide rapid information on behalf of policyholders in the case of emergencies and breakdowns.
Biba 2014: RSA unveils One Global offering
RSA has revealed a new packaged product for UK businesses with presence in up to 10 other countries, branded One Global.
Mike Dodd return and SSP deal signal broker push for Digital Animal
Digital Animal has appointed Mike Dodd to its financial services team, in a move that has seen him reunited with his former employer SSP after the two businesses announced a strategic partnership.
Lloyd’s boosts trading rights for Europe, Americas
Lloyd’s underwriters are now approved to write increased lines of business across five countries across Europe and the Americas.
Novae boosted by UK liability cover for Q1
Improved performance in its UK general liability book helped Novae record an overall increase of 5.7% in gross written premiums for Q1.
Allianz 'bang on' for revenue goals despite Q1 results: Dye
Allianz UK chief executive Jon Dye told Post the firm was "absolutely overall where we want to be" despite a 46% fall pre-tax profits to £24.7m for the first quarter of 2014.
Storms may not hit full year figures, says Ageas’ Watson
The surges of winter storm and flood claims which drove Ageas into reporting a Q1 loss this morning may be immaterial to full year results according to UK chief executive Andy Watson.
Towergate boss Nathan unconcerned by plummeting Arista profits
Towergate Underwriting chief executive Clive Nathan has downplayed the implications of falling profits at newly acquired Arista by claiming the slump relates to the managing general agent’s decision to re-underwrite its motor book.